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A firm is just re-rated by Moody's and its default risk increases, which type of bond becomes more likely to be issued by the firm?
A firm is just re-rated by Moody's and its default risk increases, which type of bond becomes more likely to be issued by the firm?
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| zero | |
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| callable | |
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| convertible | |
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| municipal |
Which of the following bonds is NOT desirable if an investor thinks interest rates will fall?
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| zero coupon bond | |
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| convertible bond | |
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| callable bond | |
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| municipal bond |
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